Hunan China Sun Pharmaceutical Machinery Co., Ltd (SZSE:300216) announced a private placement of at most 100,000,000 A shares at a price of CNY 20 per share for gross proceeds of CNY 2,000,000,000 on December 21, 2016. The transaction will include participation from not more than 5 designated investors. The transaction is subject to shareholder approval to be sought at 1st extraordinary general meeting of 2017 on January 5, 2017.